Ratings

The GIC is equally owned by the governments of the six member states of the GCC
35 minutes ago Kuwait’s GIC credit backed by solid capital adequacy – Moody’s
Mubasher: The Gulf Investment Corporation's (GIC) credit profile is endorsed by solid capital adequacy and liquidity positions, Moody's Investors Service said in a report on Thursday. The GIC’s credit profile is backed by the company’s highly …
Al Mazaya achieved a slight rise of 0.56% in profits
21 November 04:19 PM Capital Intelligence affirms Al Mazaya ratings; Outlook “Stable”
Mubasher: Capital Intelligence Ratings (CI) has affirmed the “BBB-” long-term and 'A3' short-term of Al Mazaya Holding’s ratings, with a “Stable” Outlook, according to a recent report. The ratings of Al Mazaya, which is listed on both Boursa …
S&P affirms KSA rating at ‘A-/A-2’, with stable outlook
21 November 02:28 PM S&P affirms KSA rating at ‘A-/A-2’, with stable outlook
Riyadh – Mubasher: Credit ratings agency Standard & Poor's confirmed Saudi Arabia’s rating at ‘A- / A-2’, with a stable outlook, on the back of the Saudi economic reforms and anti-corruption crackdown, including dozens of princes, ministers, and …
The company will raise its capital to EGP 120 million through a rights issue
20 November 06:05 PM MubasherTrade maintains Buy on Kafr El-Zayat
Cairo - Mubasher: MubasherTrade Research has reiterated the Buy/Moderate Risk rating for Kafr El-Zayat Pesticides, according to a recent report. The research firm also adjusted its price target for the stock from EGP 79.33 per share to EGP 52.89 …
Moody’s also changed the bank’s outlook to stable
20 November 05:22 PM Moody's downgrades Al-Hilal Bank's ratings to A2
Abu Dhabi - Mubasher: Moody's Investors Service has downgraded Al Hilal Bank (AHB) long-term issuer rating to A2 from A1, and also downgraded its baseline credit assessment (BCA) to ba3 from ba2. The ratings agency has also changed the outlook on …
The rating has not change since it was affirmed in November 2014
16 November 05:21 PM Moody’s affirms Kuwait Investment rating; Outlook Stable
Mubasher: Moody’s Investors Service has affirmed Kuwait Investment’s long-term Issuer Default Rating (IDR) at “Ba2”, with a “Stable” Outlook. The rating has not change since it was affirmed in November 2014. The baseline credit assessment is still …
Photo Archive
15 November 12:31 AM MubasherTrade maintains Sidi Kerir Buy/Moderate Risk rating
Cairo - Mubasher: MubasherTrade Research has maintained their Buy/Moderate Risk rating of Sidi Kerir Petrochemicals Company (SKPC), with a price target (PT) of EGP25.53 per share, implying an upside potential of 28%. The research firm said that …
The EM index incorporates markets of 23 countries
14 November 10:40 AM MSCI EM index adds Dubai Investments, DSI
Dubai – Mubasher: The MSCI Emerging Market (MSCI EM) index's semi-annual review resulted in the addition of Dubai Investments to the UAE’s Global Standard Index. The index added Drake and Scull International (DSI) to the UAE’s Global Small Cap …
The outlook change was due to rising foreign reserves and stronger economic growth
11 November 10:00 PM S&P maintains Egypt ratings, upgrades outlook to positive
Cairo - Mubasher: Standard and Poor’s (S&P) Global Ratings has maintained Egypt’s sovereign credit rating at B-, and raised the country’s outlook to positive from stable, according to a recent report. The ratings agency said that it has revised …
Standard and Poor’s
11 November 09:52 PM S&P downgrades Oman rating
Mubasher: Standard and Poor’s (S&P) has lowered its long-term foreign and local currency sovereign credit rating on Oman to ‘BB’ from ‘BB+', according to a recent report. The ratings agency said on Friday that Oman's ratings are constrained by its …
Photo Archive
8 November 09:54 PM Moody's assigns A2 rating to Emirates Sembcorp bonds
Mubasher: Moody's Investors Service assigned a provisional long-term (P) A2 rating to $400 million of fully amortising senior secured bonds due 2035 to be issued by Emirates Sembcorp Water & Power Company. The ratings agency also said that the …
Public deficit is expected to narrow to 8.7% of GDP in 2017 and to 5.4% in 2019
4 November 03:58 PM Fitch affirms Saudi Arabia's rating; outlook stable
Mubasher: Fitch Ratings has affirmed Saudi Arabia's long-term foreign-currency issuer default rating (IDR) at 'A+' with a Stable Outlook.  According to Fitch, Saudi Arabia's ratings are supported by strong fiscal and external balance sheets, …
The ITFC is a member of Saudi-based Islamic Development Bank Group
2 November 05:21 PM Moody’s assigns 1st-time A1/P-1 rating to ITFC
Riyadh – Mubasher: Moody's Investors Service on Thursday announced assigning a first-time long-term issuer rating of A1 and short-term issuer rating of P-1 to the International Islamic Trade Finance Corporation (ITFC), while giving the institution …
Moody’s has placed “a3” at the NBK’s standalone BCA
1 November 02:47 PM Moody’s affirms NBK long-term IDR
Mubasher: Moody’s Investors Service has affirmed the long-term Issuer Default Rating (IDR) of the National Bank of Kuwait (NBK) at “Aa3”, according to a report issued on Wednesday. Moody’s has placed “a3” at the NBK’s standalone baseline credit …
FTSE Russell launches FTSE Saudi Arabia Inclusion Index Series
29 October 03:32 PM FTSE Russell launches FTSE Saudi Arabia Inclusion Index Series
Riyadh – Mubasher: FTSE Russell on Sunday launched the FTSE Saudi Arabia Inclusion Index Series, to encourage international investors for investing in the Saudi Stock Exchange (Tadawul). The new launched index is a series of global, regional and …
[Gulf Banks’] quality of capital remains strong, says S&P Global Ratings
29 October 11:32 AM GCC banks’ capitalisation remains positive; some weighed by risky investments – S&P Global Ratings
Mubasher: Capitalisation has continued to be one of the positive rating factors for banks across the GCC, a new report by Standard & Poor’s (S&P) Global Ratings said. “After completing our latest tally of their risk-adjusted capital (RAC) ratios, …
Moody's said that the negative outlook reflects the negative outlook of Oman's sovereign rating
23 October 11:02 PM Moody's assigns Baa2 rating to Mazoon's sukuk
Mubasher: Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured sukuk certificates that will be issued by Mazoon Assets Company, according to a report issued on Monday. Moody's has also assigned a Baa2 foreign …
AUB’s recent ratings were endorsed by good loan asset quality
22 October 05:33 PM CI Ratings affirms AUB rating; Outlook seen “Stable”
Mubasher: Capital Intelligence Ratings (CI Ratings) has affirmed Ahli United Bank’s (AUB) Financial Strength Rating (FSR) at ‘A’, with a “Stable” Outlook. AUB’s long- and short-term Foreign Currency Ratings (FCRs) were affirmed at “A-” and “A2”, …
S&P believes fiscal reforms will likely be slower than expected due to weak macroeconomic environment
21 October 11:04 PM S&P downgrades Jordan's rating to 'B+'
Mubasher: Jordan downgraded to 'B+' on weaker government debt structure, higher external financing needs Standard and Poor's Global Ratings (S&P) has downgraded Jordan’s ratings to ‘B+’ on weaker government debt structure and higher external …
The bank’s short-term deposit rating was affirmed at “Prime-2”
19 October 12:29 PM Moody’s affirms GBK rating; Outlook “Stable”
Mubasher: Moody’s Investors Service has affirmed Gulf Bank of Kuwait’s (GBK) long-term deposit rating at “A3”, with a “Stable” Outlook. The bank’s short-term deposit rating was affirmed at “Prime-2”, while the baseline credit assessment (BCA) was …
The short-term IDR of KFH was affirmed at “F1”
18 October 03:40 PM Fitch affirms KFH rating, upgrades VR
Mubasher: Kuwait Finance House (KFH) said that Fitch Ratings has upgraded the bank’s Viability Rating (VR) to “bb+” from “bb”. Fitch has affirmed the bank’s long-term Issuer Default Rating (IDR) at “A+”, with a “Stable” Outlook, according to a …
Fitch affirmed Warba Bank’s short-term IDR at “F1”
18 October 11:44 AM Fitch upgrades Warba Bank’s VR; Outlook “Stable”
Mubasher: Warba Bank said that Fitch Ratings has upgraded the bank’s Viability Rating (VR) to “bb-” from “b+”, according to a bourse statement issued on Wednesday. The rating agency has placed a “Stable” Outlook, with the long-term Issuer Default …
The CBK’s Viability Rating was affirmed at “bb”,
17 October 04:28 PM Fitch affirms CBK’s rating with “Stable” Outlook
Mubasher: The Commercial Bank of Kuwait (CBK) disclosed that Fitch Ratings has affirmed the bank’s long-term Issuer Default Rating (IDR) at “A+”, with a “Stable” Outlook. The CBK’s Viability Rating (VR) was also affirmed at “bb”, according to a …
Burgan Bank’s Viability Rating has also been affirmed at 'bb'
17 October 04:07 PM Fitch affirms Burgan Bank’s credit rating; Outlook seen “Stable”
Mubasher: Fitch Ratings has affirmed Burgan Bank’s long-term Issuer Default Rating (IDR) at 'A+', with a “Stable” Outlook. Burgan Bank’s Viability Rating (VR) has also been affirmed at 'bb', according to a bourse statement issued on Tuesday. Fitch …
Fitch has placed a rating of “AA-” regarding the SRF
17 October 02:46 PM Fitch affirms NBK’s credit rating, downgrades VR
Mubasher: Fitch Ratings has affirmed the credit rating of the National Bank of Kuwait (NBK) at “AA-”, with a “Stable” Outlook. The bank’s viability rating (VR) was downgraded to “a-” from “a” in line with reevaluating the bank compared to its …